LiteForex - Forex Broker
LiteForex is an international forex broker with extensive experience, offering trading in a wide range of financial instruments under conditions of utmost transparency and security. The company was founded in 2005 and has offices in various jurisdictions, including a Cyprus office regulated by the reputable CySEC regulator. Over the years, the LiteForex broker has earned a reputation as a reliable partner for traders around the world.
Trading Conditions
LiteForex clients can choose one of two types of trading accounts with different order execution conditions:
Account | Spreads | Commission | Minimum Deposit |
Classic | From 1.8 points | None | $50 USD |
ECN | From 0 points | $10 USD per lot on Forex | $50 USD |
The Classic account offers standard order execution at market prices with a markup on the spread. The ECN account is based on direct access to liquidity streams with minimal spreads, but charges a commission for each trade.
Available base currencies: USD, EUR, GBP, PLN.
Maximum leverage: 1:1000
Trading Conditions by Instrument
LiteForex provides access to a wide range of trading instruments with attractive conditions:
Instrument | Classic Spread | ECN Spread | ECN Commission |
EUR/USD | From 2 points | From 0 points | $10 USD per lot |
Gold | From 77 points | From 0 points | $20 USD per lot |
Brent Oil | From 0.09 point | From 0 point | $0.5 USD per lot |
Apple Stocks | From 0.05% | From 0.02% | 0.02% of volume |
Quality order execution is guaranteed by the NDD (No Dealing Desk) and STP (Straight-Through Processing) mechanisms with direct access to the interbank market.
Trading Platforms
Trading is carried out through the following terminal options:
- MetaTrader 4 – a classic platform with extensive functionality for technical and fundamental analysis, automated trading.
- MetaTrader 5 – the latest version with expanded capabilities and integration of trading signals and copy trading.
- LiteForex’s proprietary web platform, equipped with professional TradingView charts and advanced tools.
- LiteForex mobile app for on-the-go trading from a smartphone or tablet.
Deposits and Withdrawals
The trading account can be replenished using convenient methods:
- Bank transfer
- Visa, Mastercard credit/debit cards
- Electronic payment systems: Skrill, Neteller, WebMoney, Perfect Money, AdvCash, and others
- Cryptocurrencies: BTC, BCH, ETH, LTC, DASH, XRP
Withdrawals are made using the same methods within 1-3 business days without commissions from LiteForex. Reviews show that the withdrawal process is fast and stable, without unreasonable delays.
Emerging Issues
According to client reviews, LiteForex may encounter the following problems:
- Spontaneous widening of spreads, appearance of negative swaps on some instruments, issues with stop losses.
Possible solution: Contact tech support when such problems arise for prompt resolution. - Lack of licenses from European regulators in some jurisdictions.
Comment: European LiteForex (Europe) Ltd is regulated by CySEC, providing fund protection. In other regions, regulators vary. - High withdrawal commissions, inability to withdraw profits from bonuses.
Solution: Carefully study the terms of promotions and bonus programs. Clarify the commissions before withdrawing funds. - Trading server issues – lags, freezes, loss of connection.
Solution: Monitor server availability metrics in the official statistics section. In case of failures, contact support.
LiteForex listens to customer opinions and strives to resolve emerging problems to improve the quality of services.
FAQ
Among the serious risks, one can note the lack of negative balance protection only for clients of the European division of LiteForex (CySEC). There are also standard risks associated with the use of leverage and trading in risky instruments.
Yes, LiteForex provides free demo accounts for testing trading strategies without risk. The demo works the same as a real account.
Yes, the LiteForex website offers courses, webinars, and e-books on forex trading for traders of all levels.